Chartered Management Institute

AUGUST 2, 2023

One Chartered Manager has developed a way to measure and monitor EDI Equality, diversity and inclusion (EDI) has been at the forefront of board agendas for several years, and rightly so. Managers need to know what works, and what does not. Companies who lead the way on EDI are 25%–36% more likely to outperform on profitability.

Metrics 52

Metrics KPI Diversity Long-term 52

First Friday Book Synopsis

JUNE 13, 2012

Here is a brief excerpt from another terrific article featured online by The McKinsey Quarterly, published by McKinsey & Company, in which Martin Dewhurst, Jonathan Harris, and Suzanne Heywood explain why, as the economic spotlight shifts to developing markets, global companies need new ways to manage their strategies, people, costs, and risks.

Globalization 80

Globalization McKinsey Cost Article 80

HR Digest

FEBRUARY 7, 2022

Training Remote Managers. According to Mckinsey & Company , “Leaders have an essential role to play in developing solutions to tackle these challenges.” Managers will increasingly need to take up more innovative roles to manage disparate and dispersed teams. It is feasible and a good cost-effective alternative.

Efficiency 105

Efficiency Operations Training Diversity 105

HR Digest

NOVEMBER 4, 2023

While it can feel like a localized issue, such market changes are just as possible in U.S. According to Gallup , replacing an employee can cost between one-half to two times their annual salary. Essentially, a 100-person organization with a $50,000 average salary could see replacement costs of over $660,000 to $2.6

Process 59

Process Attrition Trends Training 59

Eric Jacobson

NOVEMBER 3, 2022

When Marillyn Hewson of Lockheed Martin walked us through the lessons she learned as she responded to then President-elect Trump’s tweet to the American public that he felt F-35 costs were out of control, which wiped of $4 billion of market cap in a day, it was both gripping and profound.

CEO 104

CEO Banking Learning-by-Doing McKinsey 104

HR Digest

DECEMBER 8, 2020

The number of women in high paying jobs and entering the job market has risen progressively through the years, but there are many hurdles in their journey up the ladder. . For every 100 men promoted to manager, only 85 women were promoted. . Computer and information systems managers. Human Resource Managers.

Human Resources 52

Human Resources Chemicals Software Engineering 52

Eric Jacobson

MARCH 14, 2022

When Marillyn Hewson of Lockheed Martin walked us through the lessons she learned as she responded to then President-elect Trump’s tweet to the American public that he felt F-35 costs were out of control, which wiped of $4 billion of market cap in a day, it was both gripping and profound.

CEO 94

CEO Banking Learning-by-Doing McKinsey 94

Eric Jacobson

JUNE 23, 2022

When Marillyn Hewson of Lockheed Martin walked us through the lessons she learned as she responded to then President-elect Trump’s tweet to the American public that he felt F-35 costs were out of control, which wiped of $4 billion of market cap in a day, it was both gripping and profound.

CEO 80

CEO Banking Learning-by-Doing McKinsey 80

Eric Jacobson

JANUARY 18, 2023

When Marillyn Hewson of Lockheed Martin walked us through the lessons she learned as she responded to then President-elect Trump’s tweet to the American public that he felt F-35 costs were out of control, which wiped of $4 billion of market cap in a day, it was both gripping and profound.

CEO 65

CEO Banking Learning-by-Doing McKinsey 65

Eric Jacobson

DECEMBER 31, 2022

When Marillyn Hewson of Lockheed Martin walked us through the lessons she learned as she responded to then President-elect Trump’s tweet to the American public that he felt F-35 costs were out of control, which wiped of $4 billion of market cap in a day, it was both gripping and profound.

CEO 65

CEO Banking Learning-by-Doing McKinsey 65

Strategy Driven

JULY 13, 2011

While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out. Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

The Horizons Tracker

AUGUST 1, 2019

The research was arguably the first study that attempted to predict how technologies such as artificial intelligence and robotics would impact the labour market. While there are good reasons to be optimistic about the long run, such optimism is only possible if we successfully manage the short-term dynamics,” he writes.

Technology 71

Technology Short-term Osborne Long-term 71

Chartered Management Institute

DECEMBER 2, 2013

They can sound geeky, but they are developments that every manager needs to understand. At the C-suite, businesses need not only a data analytics strategy, but a data-analytics culture, researchers from McKinsey have concluded. They are transforming each and every business model. One example is the capability to slash energy use.

Leadership Styles 83

Leadership Styles Human Capital Ethics McKinsey 83

CO2

AUGUST 8, 2013

Harris Partners, who was part of the management team that grew McGladrey from sub $400 million to over $1.3 Sometimes they’re just starting out, and others haven’t discovered their brilliance; other times, they’re poor marketers or simply not very good at their profession. They tend to cost more in the long run.

McKinsey 110

McKinsey Skills Executive Coaching Reputation 110

Harvard Business Review

JUNE 26, 2014

And yet cash does carry costs. My colleague Benjamin Mazzotta and I have been studying the costs of cash across a wide range of countries: U.S., The use of cash involves several social costs to individuals — especially the poor — as well as business and the government. Mexico, Egypt and India. Much like the U.S.,

Cost 8

Cost Transportation Banking Retail 8

Harvard Business Review

SEPTEMBER 21, 2012

Historically, companies have decided which markets to focus on and have allocated sales resources based on looking at past results and using gut instincts. But today, "big data" and deep analytical capabilities give sales and marketing leaders a better way to make decisions.

Marketing 8

Marketing Webinar McKinsey Resources 8

Harvard Business Review

FEBRUARY 16, 2017

McKinsey has a new study out on an important topic — the question of whether corporations systematically take too short a view and do not invest enough for the long term. On the one hand, there are many anecdotes suggesting that pressures to manage earnings hold back investment. McKinsey deems them short term–focused.

McKinsey 9

McKinsey Short-term Long-term Comparison 9

Harvard Business Review

JULY 30, 2012

The challenge for marketers, writes Tuttle, is to change the way they speak to this group. Although the piece reads a bit like an ad for his company (he just so happens to offer such a system himself), he does raise a point worth debating, arguing that patients, not doctors, are best-equipped to manage their own care. COME AGAIN?

Marketing 10

Marketing Discount McKinsey Health Care 10

Harvard Business Review

JULY 12, 2012

I quit my comfortable job in NYC with McKinsey & Co. We rebuilt its top management and creative teams from scratch, and launched TV shows, animated films, a social networking site for children, an online shop for parents, and several mobile games. One of the trickiest challenges in India is to get the size of the market right.

Marketing 14

Marketing Film GDP Media 14

Harvard Business Review

DECEMBER 24, 2013

The result, I think, is a set of ideas that together are important, useful, and original, and that feel like quite an accurate account of the management concerns many of us shared in 2013. The right kind of project management — and project manager — really matters. government, excellent project management is extremely rare.

Management 20

Management Health Care Middle Management Agility 20

HR Digest

SEPTEMBER 21, 2023

They also reported an average $340 per week cost to send a child to a daycare facility. The report also indicated that employers with children who are three and below can cost employers $1,150 per year as a result of inadequate child care, and a total business loss of $12.7 McKinsey reported that working mothers were 1.5

GDP 98

GDP McKinsey Participative Report 98

Harvard Business Review

APRIL 5, 2017

The McKinsey Global Institute, in conjunction with FCLT Global, recently released research stating that long-term-oriented companies perform better than those that focus on short-term results. FCLT and McKinsey rely on readily available and machine-readable accounting data to measure myopia.

EPS 8

EPS Metrics Depreciation Short-term 8

Harvard Business Review

NOVEMBER 30, 2017

Even more striking, new research from the McKinsey Global Institute analyzes firm-level financial results and finds a stark contrast in performance between the biggest U.S. Many of the small and midsize manufacturers that did manage to survive kept going by cutting costs, which has led to stagnant wage growth.

Supply Chain 8

Supply Chain McKinsey Incentives Bottom-up 8

Harvard Business Review

OCTOBER 17, 2018

New research from the McKinsey Global Institute simulates the potential global macroeconomic impact of five powerful technologies (computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning). GDP growth a year across the period. Second is that returns for front-runners tend to be large.

GDP 10

GDP McKinsey Long-term Technology 10

Harvard Business Review

DECEMBER 20, 2011

Running a country calls for a sophisticated array of leadership skills — from shaping strategy to building a team to managing day-to-day operations. For example, McKinsey alumni Lou Gerstner and Jeff Skillings both went on to lead large corporations. And while he was sometimes wrong, more often his instincts were on target.

Consultative 15

Consultative Management Welch Objective 15

Harvard Business Review

MAY 30, 2012

The Elusive Emerging Market Consumer (McKinsey Quarterly). Most of us are well aware of the growth potential of emerging-market consumers, an opportunity McKinsey estimates could exceed $20 trillion annually by 2020. Avoid micro-managing in favor of letting your team surprise you with their creativity.

McKinsey 12

McKinsey Price Tips Budgeting 12

Harvard Business Review

JANUARY 12, 2018

Does a robot manage your money? Robo-advisors, which were introduced in 2008 , are steadily eating up market share from their human counterparts much the way that Amazon and Netflix have taken share from Walmart and Regal Cinemas. This would represent between 10% and 15% of total retail financial assets under management.

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

JULY 3, 2018

It’s easy to see what countries think they have to gain in these efforts: The Ellen MacArthur Foundation , McKinsey , and Accenture believe that enabling CEs will lead to trillions of dollars in savings and is a particularly significant step in protecting the environment. It also lowers the cost of refurbishing.

Policies 8

Policies Asset Management Cost Productivity 8

Harvard Business Review

APRIL 16, 2015

Unless your company’s return on capital exceeds its cost of capital, no amount of revenue growth can create value. For the many firms whose cost of capital and return on capital are roughly equal, in fact, the only path to value creation is to increase return on capital. Financial analysis Financial management'

CEO 8

CEO ROIC Cost of Capital Merton 8

Harvard Business Review

MAY 31, 2018

What makes the plague of short-term thinking somewhat puzzling is that, according to McKinsey estimates , 75% of the U.S. market is held by buy-and-hold investors who are actually interested in the long-term value of the companies in which they’ve invested.

CEO 8

CEO Short-term Long-term McKinsey 8

Harvard Business Review

OCTOBER 31, 2014

In its “State of Human Capital” report , McKinsey found that people in HR still largely have “a support-function mindset, a low tolerance for risk, and a limited sense of strategic ‘authorship’” — all of which has led to “low status among executive peers, no budget for innovation, and a ‘zero-defects’ mentality.”.

Human Capital 14

Human Capital Charan Human Resources Cost 14

Harvard Business Review

FEBRUARY 22, 2011

We were struck by the assumption made by an article in The McKinsey Quarterly this month. Thus, as the McKinsey Global Institute team states, and its analysis of 80 years of data shows, "over the long term. Yet, as obviously logical as that finding turns out to be, McKinsey was right to frame it as counterintuitive.

McKinsey 15

McKinsey Efficiency Long-term Analysis 15

Harvard Business Review

DECEMBER 17, 2014

Do you work for a firm where managers think employees really have to work (what is called) “full time”? Around the time of the dot-com boom in 2000, founders Liann Eden and Dena McCallum saw that many of their ex-McKinsey colleagues would love to continue doing some consulting work, just not full time. Most certainly not.

McCallum 12

McCallum Competitive Advantage McKinsey Consultative 12

Harvard Business Review

MARCH 17, 2017

In fact, any data that exists on work in an office reveals that most employees aren’t engaged , waste a lot of time in the office not working , and that employee underperformance persists despite the omnipresence of management. Even worse, the direct costs of maintaining the traditional office-based workplace are high.

Real Estate 11

Real Estate Constraint McKinsey Cost 11

Harvard Business Review

NOVEMBER 20, 2013

Though both statements may sound extreme, they are the clear implication of new McKinsey research on how companies create value and allocate resources. The rest of the companies, more than 2,400, simply do not have a strategy that effectively outperforms the market. How confident are you that you can ‘beat the market’?

Strategy 8

Strategy McKinsey Strategic Planning Cost of Capital 8

Harvard Business Review

FEBRUARY 14, 2017

Many measure cost per student. These metrics are useful but miss the big picture, in part because they mistake a program’s cost for its value. If a program has a low cost per student but fails to actually help people forge a solid career, then the fact that the failure is cheap does not make it any less of a failure.

Metrics 10

Metrics TCO Training Cost-Benefit Analysis 10

Harvard Business Review

JUNE 29, 2016

The impact of “social entrepreneurs” — individuals who deploy innovation and market forces to fill social needs — is growing. The research, conducted with analytical support from McKinsey and funding from Omidyar Network, included interviews with 37 investors and 10 social enterprise leaders.

Entrepreneur 15

Entrepreneur Glocalization Survey McKinsey 15